Gamenet Group S.p.A. announced consolidated earnings results for the year ended December 31, 2018. For the year, the company reported revenue of EUR 646,145,000 compared to EUR 619,309,000 a year ago. Total revenues and income was EUR 650,342,000 compared to EUR 623,636,000 a year ago. Net profit for the period was EUR 8,316,000 compared to EUR 1,152,000 a year ago. Basic EPS was EUR 0.21 compared to EUR 0.06 a year ago.

For the year 2019, the company expects net financial position is to be substantially in line with 2018. The guidance does not include the positive impact deriving from the application of IFRS 16 with effect from January 1, 2019, of EUR 7 million. The application of IFRS 16 will also result in a negative impact on the Net financial position as of January 1, 2019 of around EUR 35 million, which is estimated to decrease to EUR 30 million by the end of the year.